Expeditors International of Washington (EXPD) Scheduled to Post Earnings on Tuesday

Expeditors International of Washington (NASDAQ:EXPD) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Expeditors International of Washington to post earnings of $1.25 per share for the quarter.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.65 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 34.31%. The firm’s revenue for the quarter was down 51.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. On average, analysts expect Expeditors International of Washington to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $112.95 on Friday. The firm’s 50-day moving average is $114.94 and its 200-day moving average is $116.54. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 16.93 and a beta of 1.01. Expeditors International of Washington has a 52-week low of $92.93 and a 52-week high of $128.04.

Institutional Trading of Expeditors International of Washington

Several large investors have recently made changes to their positions in EXPD. Norges Bank acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $133,106,000. Renaissance Technologies LLC boosted its position in Expeditors International of Washington by 1,025.5% in the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after buying an additional 902,600 shares in the last quarter. Select Equity Group L.P. boosted its position in Expeditors International of Washington by 388.0% in the fourth quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock valued at $69,644,000 after buying an additional 532,835 shares in the last quarter. Bank of America Corp DE boosted its position in Expeditors International of Washington by 16.2% in the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock valued at $385,481,000 after buying an additional 488,561 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Expeditors International of Washington by 994.9% in the first quarter. Federated Hermes Inc. now owns 215,248 shares of the transportation company’s stock valued at $22,206,000 after buying an additional 195,588 shares in the last quarter. Institutional investors and hedge funds own 96.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Susquehanna increased their price target on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. JPMorgan Chase & Co. assumed coverage on shares of Expeditors International of Washington in a report on Friday, August 11th. They issued an “underweight” rating and a $110.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, July 19th. Stephens increased their price target on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, August 9th. Finally, StockNews.com assumed coverage on shares of Expeditors International of Washington in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.09.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.